MSCI Signs Letter Supporting Quick Action On Tax Extenders Legislation
Last week MSCI agreed to sign onto a letter organized by the National Association of Manufacturers (NAM) and the Broad Tax Extenders Coalition urging members of Congress to revive, extend, and in some cases make permanent, currently temporary tax provisions that expired at the end of 2014. MSCI will post a copy of the final letter as soon as it is sent and is available online.
The letter will argue the tax provisions, which include the Research & Development (R&D) tax credit, investment incentives for businesses of all sizes and provisions that support manufacturers’ global competitiveness, are critically important to U.S. jobs and the broader economy. As Connecting the Dots reported last month, the Senate Finance Committee has already passed a tax extenders bill, but nothing has moved in the House yet. (The House has passed individual bills to make permanent certain provisions, including the R&D tax credit and Section 179 expensing at the $500,000 level.)
MSCI’s partners at NAM tell us Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) both want to quickly move their package through the Senate and have committed to working in a bipartisan fashion to so. The NAM has also said there’s a chance that some extenders could be made permanent and added to the surface transportation reauthorization bill Congress will try to wrap up this fall. Stay tuned to Connecting the Dots as action on this issue unfolds.